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OPEC Secretary General Haitham Al Ghais urged OPEC members to reject any COP28 deal that targets fossil fuels rather than emissions. Countries in the Organization of the Petroleum Exporting Countries hold about 80% of the world's proven oil reserves, most of which is concentrated among Middle Eastern members. Any message from COP28 aimed at slashing oil and gas demand becomes a question of survival for the majority of those countries. Qatar, which left OPEC in 2018, has invested tens of billions of dollars in its liquefied natural gas industry, even when many doubted the feasibility of such investments. At least 80 countries, including the U.S., the European Union, and many poor, climate-vulnerable nations, are demanding that a COP28 deal call clearly for an eventual end to fossil fuel use.

Arab OPEC ministers meet in Doha as COP28 discusses phasing out oil and gas

OPEC Secretary General Haitham Al Ghais urged OPEC members to reject any COP28 deal that targets fossil fuels rather than emissions. Countries in the Organization of the Petroleum Exporting Countries hold about 80% of the world’s proven oil reserves, most of which is concentrated among Middle Eastern members. Any message from COP28 aimed at slashing oil and gas demand becomes a question of survival for the majority of those countries. Qatar, which left OPEC in 2018, has invested tens of billions of dollars in its liquefied natural gas industry, even when many doubted the feasibility of such investments. At least 80 countries, including the U.S., the European Union, and many poor, climate-vulnerable nations, are demanding that a COP28 deal call clearly for an eventual end to fossil fuel use.

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